Word: loans
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Dates: during 1950-1959
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...Prince Feisal, who took it as a personal insult when, as Saudi Arabia's U.N. delegate in 1947, he was outvoted in the Assembly. When Britain joined the Baghdad Pact, Saud promptly joined Nasser's bloc in opposition to the Western "imperialists," gave Syria a $10 million loan as an inducement to join too. The Saudi information director began regular swings through Lebanon, Syria and Jordan delivering funds to pro-Nasser newspapers and favored editors and reporters. During the riots in Jordan preliminary to the ejection of Glubb Pasha, Jordan editors received ?100 notes pinned to articles attacking...
...these days: France. Prime Minister David Ben-Gurion warned of "difficult political struggles" ahead, not so much with "our enemies" as with "peoples who do not hate Israel." Other Israelis noted glumly that some $30 million in U.S. grants-in-aid and a $75 million U.S. Export-Import Bank loan, both approved long before Israel's invasion of Egypt, had not been released since...
EASIER CREDIT for small business is being pushed in Congress. Chairman Sparkman of the Senate Small Business Committee is calling for creation of privately-operated national investment companies, financed in part by Federal Reserve banks, to make long-term loans and invest in stock of small companies. He also wants Government to insure 90% of value of any small business loan...
...assets of $176 billion, so many other financial institutions have grown up that there is an enormous pool of lendable funds outside the Reserve's jurisdiction. Nonmember commercial banks control assets of $31 billion, mutual savings banks assets of $33 billion, while life insurance firms and savings and loan associations have $135 billion to lend or invest as they choose. In addition, some 20 Government agencies, from the Veterans Administration to the Small Business Administration, have taken on important financial duties independent of the FRB. As a result, some economists fear that the nation's many credit operations...
...newspapers a few years ago, it made a strange and haunting tale. On the afternoon of Jan. 13, 1953, Balestrero, an $85-a-week bass player at Manhattan's crusty, upper-crust Stork Club, went to the office of a Long Island insurance company to raise a small loan on his wife's policy. The next evening he was arrested and "positively identified" by two of the insurance company's employees as the man who months earlier had robbed the office at gunpoint of $271. An innocent victim of mistaken identity, Balestrero was booked, fingerprinted, spent...